Truist Financial Begins Coverage on J.B. Hunt Transport Services (NASDAQ:JBHT)

Equities researchers at Truist Financial assumed coverage on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research note issued to investors on Thursday, MarketBeat reports. The firm set a “hold” rating and a $165.00 price target on the transportation company’s stock. Truist Financial’s price objective indicates a potential upside of 10.74% from the company’s current price.

A number of other analysts have also recently commented on the stock. Stephens restated an “overweight” rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Citigroup lowered their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a report on Friday, January 17th. Raymond James lowered their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They set a “hold” rating and a $167.00 target price for the company. Finally, Evercore ISI lowered their target price on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $188.60.

J.B. Hunt Transport Services Price Performance

JBHT opened at $149.00 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services has a 12 month low of $147.00 and a 12 month high of $200.40. The company has a fifty day simple moving average of $168.26 and a 200 day simple moving average of $173.68. The stock has a market cap of $14.90 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company earned $1.47 EPS. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% on a year-over-year basis. On average, research analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In related news, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares of the company’s stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC lifted its position in J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after acquiring an additional 142 shares during the last quarter. National Pension Service acquired a new stake in J.B. Hunt Transport Services during the fourth quarter worth approximately $30,000. BankPlus Trust Department acquired a new stake in J.B. Hunt Transport Services during the fourth quarter worth approximately $34,000. Versant Capital Management Inc lifted its position in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after acquiring an additional 134 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.